---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-000870"
form_type: "8-K"
ticker: "MLP"
cik: "0000063330"
company_name: "MAUI LAND & PINEAPPLE CO INC"
filed_at: "2025-01-10T23:59:59+00:00"
generated_at: "2026-05-28T05:53:14.835301+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Maui Land & Pineapple restates 2023 financials after SEC disagrees on $1.6M revenue classification

## Summary
- SEC comment letter questioned $1.6M land contribution reported as operating revenue; company now agrees reclassification needed.
- Board concludes 2023 audited financial statements should no longer be relied upon due to revenue recognition error.
- Error is reclassification from operating revenue to non-operating gain; no impact on net loss, EPS, cash flow, or covenants.
- Company will file amended 2023 10-K to correct; error previously disclosed in Q3 2024 10-Q.

## SEC filing metadata
- accession: 0001437749-25-000870
- form_type: 8-K
- ticker: MLP
- cik: 0000063330
- company_name: MAUI LAND & PINEAPPLE CO INC
- filed_at: 2025-01-10T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/63330/000143774925000870/0001437749-25-000870-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/63330/000143774925000870/mlp20250109_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-000870
- JSON: https://secwatch.observer/filing/0001437749-25-000870.json
- Plain text: https://secwatch.observer/filing/0001437749-25-000870.txt

## Key facts
- Auditor Changes
  MAUI LAND & PINEAPPLE CO INC reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: the Board, after discussions with senior management, Accuity LLP, the Company’s independent registered public accounts (“Accuity”), and outside counsel, concluded that the Company’s previously issued audited consolidated financial statements as of and for the fiscal year ended December 31, 2023, should no longer be relied upon as a result of the error in recognition of operating revenue described above
  evidence_url: https://www.sec.gov/Archives/edgar/data/63330/000143774925000870/0001437749-25-000870-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.